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RHWC News Reliant Home Warranty Corp. Announces Issuance of October Letter to Shareholders

TORONTO--(BUSINESS WIRE)--Reliant Home Warranty Corp. (OTCBB:RHWC):

Dear Shareholders,

Through September, we have received requests for over $25 Million CAD
in mortgage funding and have entered them into the SMART system. Total
requests approved or submitted for client approval exceed $8 Million
CAD and this extraordinary market acceptance has come from only a
small percentage of brokers as part of a pilot program.

On October 21st we will have completed our pilot/beta program for
selected Centum mortgage brokers. By the 21st we will have completed
an evaluation period and focus group meetings with these same brokers
in order to determine where we met their expectations or where we need
improvement, be it underwriting, pricing or product structure. It is
imperative that we go through this process first before our full
launch. We intend to achieve all stated goals.

You should know that management has invested over $1 Million CAD in
support of the working capital base of Reliant since the pilot
commenced. We are committed to making Reliant a significant part of
the Canadian mortgage industry. We appreciate your support as we move
through this important implementation phase.

Finally, we will in a timely manner continue to update stakeholders on
developments regarding our mortgage, insurance and SMART system
license. We feel that the upcoming period in Reliant's journey will be
both bright and prosperous.

Very Truly Yours,

Boyd Soussana

About Reliant Home Warranty Corp., http://www.relianthwc.com

Reliant secures its mortgages by accessing several separate sources of capital. Mortgages are sold to institutional investors as well as being securitized through the usual securitization conduits.

For more information on Reliant programs visit the Web site at http://www.relianthwc.com.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.